The baht opened at 32.94 to the US dollar on Tuesday, unchanged from Monday’s closing rate. The Thai currency is likely to move between 32.90 and 33.00 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon said the baht was weakening while the US dollar could swing sideways. The baht was unlikely to […]
Read MoreThe inflation rate in Laos increased in June this year compared to the same period last year, climbing 3.96 percent. According to the Lao Statistics Bureau, rising inflation has had a direct effect on the cost of living in Laos. Food prices, as well as nonalcoholic beverages, have increased by 4.09 percent in June this year, while clothing […]
Read MoreManufacturing managers in Southeast Asia saw a slump in activity as the region grapples with one of the world’s worst Covid-19 outbreaks, while North Asia continued to see a pick up as the global economy recovers. In Southeast Asia, which has emerged as one of the world’s worst-hit pandemic areas in recent weeks, Indonesia’s IHS […]
Read MoreDigital banking is transforming the traditional financial landscape. There are now 249 digital banking players globally — both dynamic upstarts and transitioning legacy operators — as of the end of 2020. Thailand offers a mature and promising market for this digital banking evolution, but one that requires regulatory guidance if it is to truly be […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has extended the zero spread on its peso rediscount loans until the end of the year to allow banks to tap the facility to meet their temporary liquidity needs amid the pandemic. BSP Governor Benjamin Diokno said the Monetary Board approved the extension of the temporary […]
Read MoreKUALA LUMPUR: The ringgit was lower on Monday amid lack of catalysts, domestically. At 9.14 am, the local note eased to 4.2235/2265 versus the greenback from Friday’s close of 4.2190/2220. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim opined that the ringgit will continue trading above 4.20 today and this week amid the heightened number […]
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